2-bedroom flat · LN11 0NJ
For saleReduced £10k (−8.3%) on 6 OctListed 184 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Characterful Two-Bedroom Apartment in a Converted Mill Set within an attractive and historic converted mill, this charming two-bedroom apartment seamlessly blends period character with practical modern living.
Offered on a leasehold basis with approximately 988 years remaining, the property presents a rare opportunity to acquire a home rich in history and distinctive architectural features.
The apartment boasts a spacious and inviting living room, full of character and offering a comfortable setting for both relaxation and entertaining.
Features typical of a mill conversion, such as high ceilings and unique detailing, help create a warm and individual living space.
The kitchen is well-proportioned and functional, providing ample storage and workspace for everyday use.
The property offers two generous double bedrooms, both thoughtfully laid out and ideal for a range of uses, whether as comfortable sleeping accommodation, a guest room, or a home office.
A modern shower room completes the internal accommodation, fitted with a contemporary suite.
Externally, the property benefits from an allocated off-road parking space as well as the added advantage of a private garage, offering valuable storage or additional parking.
The development itself reflects the heritage of the original mill, providing a unique and characterful setting that stands out from more conventional homes.
Louth is a picturesque market town on the edge of the Lincolnshire Wolds, an Area of Outstanding Natural Beauty.
Known for its historic charm and vibrant community, the town offers a range of independent shops, cafes, and traditional markets, alongside essential amenities.
Louth is particularly renowned for its food culture and local produce, often referred to as the “Capital of the Wolds.” The surrounding countryside provides excellent opportunities for walking and outdoor activities, while the nearby coast offers additional leisure options.
The town combines rural charm with good connectivity to larger towns and cities, making it an appealing location for a wide range of buyers.
Viewing is highly recommended to fully appreciate the size and potential of this property.
Buyer Process: Our customers use British Homebuyers to either purchase or assist in selling properties quickly and reliably.
Therefore any new applicants to purchase are subject to vetting to ensure they meet strict criteria.
Exclusivity Fee: You can secure the purchase today by paying an exclusivity fee of £2,000 which gives you the rights to purchase within a given timeframe.
The exclusivity fee is returned to you upon successful completion of the property.
A processing fee of £200 is required in order to draw up an exclusive legally binding contract between the buyer and seller.
This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Paying this fee ensures that the seller takes their property off the market and reserves it exclusively for you, therefore eliminating the risk of gazumping and aborted costs.
Disclaimer The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute, any part of a contract.
Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any of the services, appliances, equipment or facilities are in good working order.
Purchasers should satisfy themselves of this prior to purchasing. The photograph(s) depict only certain parts of the property. It should not be assumed that any contents/furniture etc.
Photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph(s).
No assumption should be made with regard to parts of the property that have not been photographed.
Any areas, measurements, aspects or distances referred to are given as a guide only and are not precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries.
Descriptions of the property are subjective and are used in good faith as an opinion and not as a statement of fact.
Please make further inquiries to ensure that our descriptions are likely to match any expectations you may have.
Lounge / Dining Room (5.97m x 5.64m) Kitchen (2.84m x 2.06m) Bedroom One (3.7m x 3.63m) Bedroom Two (2.82m x 2.62m) Shower Room (2.54m x 2.08m) Garage (4.83m x 2.41m)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 10 Crown Mills,, Ramsgate Road, Lincolnshire
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